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please show all the work 16 and 2017: More Info ral unt for age 2016 Mar. 1 Borrowed $315,000 from Naples Bank. The seven-year, 12%

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16 and 2017: More Info ral unt for age 2016 Mar. 1 Borrowed $315,000 from Naples Bank. The seven-year, 12% note requires payments due annually, on March 1. Each payment consists of 545,000 principal plus one year's interest. Dec 1 Mortgaged the warehouse for $350,000 cash with Saylor Bank. The mortgage requires monthly payments of $4,000. The interest rate on the note is 8% and accrues monthly. The first payment is due on January 1, 2017 31 Recorded interest accrued on the Saylor Bank note 31 Recorded interest accrued on the Naples Bank note. 2017 Jan. 1 Paid Saylor Bank monthly mortgage payment Feb. 1 Paid Saylor Bank monthly mortgage payment Mar. 1 Paid Saylor Bank monthly mortgage payment 1 Paid first installment on note due to Naples Bank Pay! Print Done Check Ang .nswer Clear All ENG Xestion Help Journal Entries P14-31A (similar to) The following tansactions of Discount Pharmacies occurred during 2016 and 2017 (Click the icon to view the transactions) 350.000 350.000 Requirements 1. Journalize the transactions in the Discount Pharmacies general joumal Round all answer 2 Prepare the abilities section of the balance sheet for Discount Pharmacies on March 1, 2 2.13 2333 Dec 1 Cash Mortgage Payable Dec 31 Interest Expense Interest Payable 2017 Jan 1 terest Payable Mortgage Pay Cash Feb 1 Interest Expense Mortgage Pale 166 Requirement 2. Prepare the Bites section of the balance sheet for Discount Pharmacies on First, prepare an amortization schedule for the Saylor Bank mortgage to March 1, 2016. Prepare i do) Review the domaine Beginning Principal Interest Total Ending Balance Payment alance 12/01/2016 1/01/2017 10000 2333 2/01/2017 3/01/2017 2000 Mar 1 neresponse Mortgage Pay Print Done Enter any number in the end then clickCheck Answer P14-31A (similar to) HW Score The following transactions of Discount Pharmacies occurred during 2016 and 2017 Click the icon to view the transactions) Requirements 1. Journalize the transactions in the Discount Pharmacies general Journal Round all answers to the nearest dolar Explanations are not required 2 Prepare the liabilities section of the balance sheet for Discount Pharmacies on March 1, 2017 after all the journal entries are recorded Requirement 2. Prepare the liabilities section of the balance sheet for Discount Pharmacies on March 1, 2017 after all the journal entries are recorded First, prepare an amortization schedule for the Saylor Bank mortgage to March 1, 2018 Prepare the schedule for the first three payments, then the remaining months one at a time (Round your answers to the dollar) Beginning Balance Principal Payment Interest Expense Total Payment Ending Balance 350000 40000 1667 12/01/2016 1/01/2017 2/01/2017 3/01/2017 2333

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